Regulatory Alerts2010-11-24 | Circular 36/2010Added
Circular 36/2010 — Commission Registration
The Bank of Mexico establishes general provisions for the registration of fees and commissions by credit institutions and regulated financial societies, defining eligible credit types and required submission details. Financial entities must submit registration requests using specific formats, with processing timelines of two business days for fee reductions and five business days for new fees or increases. The Bank retains the authority to issue observations and veto new or increased commissions within fifteen business days of registration, subject to a three-business-day response window for the entities involved. The circular also mandates electronic communication protocols using digital signatures and repeals Circular 18/2007, entering into force on December 3, 2010.
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